This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A court judgment was rendered against a county in which they were ordered to pay 500,000 in equal ... (Read 33 times)

ereecah

  • Hero Member
  • *****
  • Posts: 530
on: Jul 5, 2018
A court judgment was rendered against a county in which they were ordered to pay 500,000 in equal installments over a five-year period to the plaintiff. The county's General Fund will
 
  A. Report a fund liability of 500,000 in Year 1.
  B. Report expenditures of 500,000 in Year 1.
  C. Report expenditures of 100,000 in Year 1.
  D. Report expenditures of 100,000 in Year 1 and a fund liability of 400,000.

Question 2

March 10 Accounts Payable 800 Cash 800 Paid creditors on account. What effects does this journal entry have on the accounts?
 a. decrease Accounts Payable, increase Cash
  b. increase Cash, decrease Accounts Payable
  c. increase Accounts Payable, increase Cash
  d. decrease Accounts Payable, decrease Cash


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

adf223

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

d


ereecah

  • Member
  • Posts: 530
Reply 2 on: Jul 5, 2018
Excellent

scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Demonstration of equal segregation within one meiocyte in the yeast S. cerevisiae Demonstration of equal segregation within one meiocyte in the yeast S. cerevisiae
A photograph of Commodore Matthew Perry in 1855 juxtaposed with a Japanese portrait of him. When Per A photograph of Commodore Matthew Perry in 1855 juxtaposed with a Japanese portrait of him. When Per
Head of an Oba, Nigeria, Africa, Edo, Court of Benin. Head of an Oba, Nigeria, Africa, Edo, Court of Benin.
Last Judgment of Hunefer by Osiris, from a Book of Going Forth by Day in his tomb at Thebes. Last Judgment of Hunefer by Osiris, from a Book of Going Forth by Day in his tomb at Thebes.
The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ... The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ...
Video: Cataract

For a complete list of videos, visit our video library